Income Statement Comparative Balance Sheet This Year This Year Last Year assets $4,980,000 60,000 310,000 Sales (all on account) 220,000 75,000 700,000 Gross margin 25,000750,000 Selling and administrative expenses 55.000 195.00 Operating expenses 635,000 2,035,000 Depreciation and amortization 975,000 1,800,000 General and administrative expenses 150000 75000 -100,000 Total seling and administrative expenses- 46000 Cash 0,000 Cost of goods sold 8 Marketable securities Accounts receivable, net 0 Inventary 11 Other current assets 985,500 410,500 2 Total current assets 13 Plant and equipment, net 14 Other assets 5 Total assets 16 Liabilities and Stockholders' Equity 17 Current Liabilities L8 AccountS payable 446,000 Interest expense Net income before taxes 386,000 250,000 225,000 Income taxes 9 Short-term bank loans 20 Accrued payabies 21 Other current liabilities 2 Total current lisbities 23 Bonds payable, 10% 750,000 600,000 Net income 550,000395,000 25.000223,402 Additional information 1825,000 1,443,400 Dividend per share paid in current yesr 1.00 7500400.000 Market price of shares at year end 42.00 20.00 24 Total liabilities 25 Stocktholders equity 26 Common stock 27 Reta ned earnings 28 Totail stokholders equty 240000 183.99Par vaive of cmmon stock per share 150,0001,150,000 Number of share outstanding 29 Total ibitnies and stockholders' equity5 0 Sheetl